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Equity markets

Today

UBS’ Richard Schellbach expects ASX companies to talk more about the uncertainty to their outlooks and guidance due to the impacts of the trade war.

UBS tips more ASX companies to make tariff confessions

The trade war is a late entrant to the February earnings season and will be a source of investor interrogation for CEOs.

  • 1 hr ago
  • Joanne Tran
Australian shares are poised to start the day higher.

ASX snaps losing streak; Insignia rallies 7pc, Pinnacle touches record

Miners buoy ASX; Insignia bidding war rumbles on; oil drops; Maggie Beer earnings flat; Pinnacle shares hit record; BWP leaps on profit, dividend hike.

  • Nicola Blackburn
Xi Jinping has fired back at Donald Trump in the unfolding trade war between the world’s two biggest economies.

China stocks suffer brutal reversal as traders return from holiday

China’s sharemarket erased a near 1 per cent opening gain as traders returned from a week-long holiday to simmering tensions with the US.

  • Alex Gluyas
Future Fund chief executive Raphael Arndt hasn’t changed his view on the world that investors will confront.

What you can learn from the Future Fund’s three big moves

The Future Fund’s shift into US stock has paid off, but it still fears a Trumpian world of more polarisation and higher inflation. 

  • James Thomson
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Yesterday

The bulls won in 2024, but as 2025 unfurls the bears are taking charge.

AFR interim profit season calendar and results

Follow the February reporting season as it unfolds here, with dates for all the major ASX companies on the schedule and links to our expert coverage.

  • Emily Day
The Canadian economy is set to face the most severe shock since the COVID-19 pandemic and will probably sink into a recession if a tariff war persists.

China whipsaws markets with retaliatory tariffs

Traders’ worst fears proved accurate when Beijing decided to slap tariffs on US goods avenging Trump’s 10 per cent tariff on China.

  • Alex Gluyas
The ASX pared some losses following Monday’s steep sell-off.

ASX swings to red as China tariff takes hold; CBA, Wesfarmers hit

ASX swings in last minutes of trade; China retaliates with tariffs; Pinnacle declares dividend; Vanguard joins banks, predicts Feb rate cut; bitcoin and meme coins surge.

  • Nicola Blackburn

Activist Sandon says Magellan redemption fears ‘overblown’

Sandon Capital shrugs off concerns about outflow risks at Magellan from the departure of long-time infrastructure portfolio manager Gerald Stack.

  • Joanne Tran
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Trade war paused; The price of Trump’s ‘deals’; Why you don’t need that much super

Read everything that’s happened in the news so far today.

This Month

Australian shares are set to fall as tariff concerns weigh on traders.

ASX, $A tumble on trade war fears; Magellan sell-off rumbles on

Shares tumble; Magellan sheds 8pc; tariff fears hit Cettire; $A at five-year low; retail sales fall less than expected; Argo lifts dividend; CEO exits Resolute.

  • Nicola Blackburn
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ASX slumps; Tariffs drive market panic; US could feel some trade pain: Trump

Read everything that’s happened in the news so far today.

Donald Trump.

Market panic may be the best protection against Trump’s tariff war

Investors were sure the “Art of the Deal” schtick would mean import duties would be avoided. Now they face a world of “uncontrollable chaos”.

  • James Thomson
An OpenAI spokesperson said China-based firms were trying to distil the models of leading US AI companies.

AustralianSuper tipped $500m into Nvidia before DeepSeek crash

Australia’s largest super fund was buying up shares in the chipmaker in the lead up to last week’s trillion-dollar sell-off, Wall Street records indicate.

  • Joshua Peach
“I’ve gotten to know successive CEOs at Challenger, so there’s a level of corporate familiarity with those guys,” Margolin says.

Ex-L1 fundie catches big fish with rival long-short strategy

Lev Margolin managed a similar fund at his old employer for seven years before starting his own. The stellar performance has caught the attention of Fidante.

  • Alex Gluyas
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Chris Ellison and Richard White have put a spotlight on founder-led companies.

The huge red flag this new ASX founders fund is watching for

A new WAM strategy that will exclusively target companies run by “obsessive” originators also has a long list of danger signs to counter the risk of founder hijinks.

  • James Thomson
Donald Trump risks starting a global trade war.

Australia risks worst of both worlds in Trump tariff war

Markets and local business leaders were sure Trump’s tariffs threats were a negotiating tactic. A serious rethink is suddenly needed, especially Down Under.

  • James Thomson
President Donald Trump has unleashed the first salvo of his tariff war.

Trump’s tariffs collide with ASX earnings test

Futures indicate a 1.2 per cent drop for the ASX 200 on Monday as strategists say that full valuations demand earnings perfection this reporting season.

  • Alex Gluyas
The outlook for US equities is becoming less clear.

US exceptionalism is peaking: expert

The “magnificent seven” are poised to become the “lagnificent seven” as the tailwinds that have propelled American equities fade, Michael Hartnett argues.

  • Timothy Moore
AFIC boss Mark Freeman says Mirrabooka’s negative returns were not surprising given the correction after the market reached record highs last year.

Debt funds run wild on the ASX as equity funds go friendless

The listed investment fund market is a tale of two asset classes: equity funds are very much out of favour while debt funds are thirsty for income and bringing in money.

  • Jonathan Shapiro
AI is transforming the funds management industry.

How the rise of AI is changing the investment game

As machine learning and algorithms evolve, the fund management industry will likely shift toward a hybrid model, combining the strengths of humans and machines.

  • Arian Neiron
Nate Anderson’s research firm Hindenburg is disbanding after eight years.

Last short sellers standing: who’s left after Hindenburg’s exit

Activist short seller Nate Anderson is going out ‘on top’, according to one rival, as difficulties for short sellers mount in a relentless bull market.

  • Costas Mourselas
US stocks were set to end the week higher.

S&P 500 slumps as tariffs plans whiplash markets

US equities closed lower after the US said it will impose higher tariffs on Canada, Mexico and China this weekend. ASX futures tumbled 1.2pc.

  • Timothy Moore

January

AFR Weekend surveyed several fund managers about their thoughts on the emergence of DeepSeek.

Is Nvidia a ‘buy’ after crashing 15pc? Here’s what top fundies say

AFR Weekend asked some of the nation’s top investors what they think the emergence of Chinese disruptor DeepSeek means for the US chipmakers future.

  • Joanne Tran
Local shares are set to open higher.

ASX posts biggest monthly gain since July; Magellan extends sell off

ASX briefly notches record; gold miners rally; Magellan sell-off continues. PointsBet turnover plummets; Netwealth CFO exits; Origin drops LNG forecasts.

  • Nicola Blackburn, Cecile Lefort and Timothy Moore

Original URL: https://www.afr.com/markets/equity-markets